7 CFR 4290.520
§ 4290.520 Management Expenses of a RBIC.
United States · 7 CFR — Agriculture · Status: effective
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- Citation
- 7 CFR 4290.520, § 4290.520 Management Expenses of a RBIC, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/31536
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Full text
The Agency must approve your initial Management Expenses and any increases in your Management Expenses.
(a) Definition of Management Expenses. Management Expenses include:
(1) Salaries;
(2) Office expenses;
(3) Travel;
(4) Business development, including finders' fees;
(5) Office and equipment rental;
(6) Bookkeeping; and
(7) Expenses related to developing, investigating and monitoring investments.
(b) Management Expenses do not include services provided by specialized outside consultants, outside lawyers and independent public accountants, if they perform services not generally performed by a capital company.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.